Despite the lack of a big business tax cut, investment in Australia is on the rise — so much so that mining companies are now warning that workers might actually get real wages rises.
Another quarter, and more bad news for Australia's private sector workers with wage stagnation continuing.
Wage stagnation for Australian workers continued in the June quarter, with private sector employees falling behind inflation. It's become a hallmark of this Coalition government.
Despite the royal commission, the big banks made sure the financial year ended on a high note for investors — much better than workers.
For all his power, there are certain truths Malcolm Turnbull could never admit for fear of infuriating the right.
The peak of the jobs boom is behind us. If wages haven't started growing strongly by now, they're hardly likely to do so in coming months.
"Don't mention industrial relations" appears to be the mantra for policymakers as they try to explain why wage stagnation is weighing down the economy so heavily.
Australians are ill-served by a media that focuses only on the surface and not on the depths; on the symptoms and not the disease producing them.
Economic data this week suggests there's still plenty of life in housing construction as well as growing business investment.
It's hard to see how any long-term return to higher wages growth will be achieved without a significant rise in strikes, which have been at historically low levels for many years.